In most states, you pay taxes only on the actual lease payments, so leasing can put you even further ahead (see number 3 below). Plus, you typically don't have to bring cash to the table for a lease.
Q&A. The differences between an unadjusted trial balance and an adjusted trial balance are the amounts recorded as part of the adjusting entries. Adjusting entries include the accrual of revenues that were earned but were not yet recorded, and the accrual of expenses that were incurred but were not yet recorded.
It takes a series of steps to get to that point. One of those steps involves something called an adjusted trial balance. The adjusted trial balance is a report that lists all the accounts of a company and their balances after adjustments have been made. I know, the concept can be a little confusing, so let's dive a little deeper into it and figure it all out.